The Shareholders’ Meeting of Engineering, a leading company in digitalization processes for businesses and Public Administration, has approved the consolidated financial statements for the year 2024, confirming the positive trend of the main economic indicators.

The past financial year has been a significant one for the Group: major investments made in previous years to implement a new operating model, strengthen technological expertise, and redefine and expand proprietary products and services, have supported the growth in both revenues and profitability in 2024. Additionally, during the year, a major financing operation was completed through the issuance of a bond that was well received by the market, aimed at supporting the Group’s organic growth in the coming years, along with new investments in cutting-edge technologies.

In terms of financial results, there was a notable increase in ADJUSTED EBITDA, which rose to €276.2 million, up 7.4% from €257.3 million in the previous year.
The value of production also strengthened, growing by 2.5% to reach €1,764.2 million, compared to €1,721.1 million in 2023.

"In recent years, Engineering Group has undertaken a profound transformation involving the entire organization, which now allows us to be more solid, agile, and focused on customer needs. The 2024 results show that, even in a complex economic environment, the Group has managed to enhance its operational performance and improve profitability while significantly strengthening its technological and organizational foundations. On these pillars, Engineering is ready to build a new phase of growth, also thanks to the support of our shareholders, Bain Capital and Renaissance Partners,” comments Maximo Ibarra, CEO of Engineering Group. He adds: "Significant results have also been achieved in terms of innovation and our ability to deliver cutting-edge solutions such as EngGPT, confirming Engineering’s role as a digital leader in strategic technology areas like Artificial Intelligence. In an era marked by major disruptions—economic, geopolitical, and technological—the Group has completed its transformation process and now possesses greater capabilities and a more effective mindset to support progress and evolution in key sectors of the economy and society. This enables us to tackle global challenges and fully seize the opportunities they bring. The results achieved in 2024, the outcome of past investments and efficiency efforts, reinforce Engineering’s position as a reliable technology partner for the growth of our country.”

In 2024, Engineering consolidated important partnerships with leading international players and strengthened the development of its technological platforms, with a specific focus on Artificial Intelligence, to respond even more rapidly to customer needs—which grew by 6% during the year.

One example is the new version of EngGPT, developed using the computing power provided by ICSC and its affiliate CINECA. This version enables companies and institutions to harness the power of Artificial Intelligence through a solution that is more powerful and optimized for the Italian context—ensuring full data control, privacy, regulatory compliance, and alignment with local specificities. The new version of EngGPT will replace the current market model in the coming months and will join over 30 proprietary products Engineering offers across all industrial sectors.

These initiatives were backed by research investments totaling €30 million in 2024, carried out by the R&I division, which—with over 450 researchers and data scientists—enables Engineering to participate in major international projects, explore breakthrough technologies, and design new business solutions. This positions Engineering as a digital leader in key technology domains such as Cybersecurity, Cloud, and Augmented and Virtual Reality.

This growth, driven by technological and organizational innovation, has also been accompanied by continuous efforts to integrate sustainability into the evolution of the operating model. In 2024, with the publication of its ESG Plan—which, for the first time, outlines measurable objectives and targets for all 21 countries where the Group operates—Engineering reaffirmed its commitment to sustainability policies aligned with a model of progress that combines technological innovation, environmental stewardship, and social well-being.

Lastly, as in previous years, in 2024 the Group placed people at the heart of its growth strategy. With around 14,000 employees, human capital continues to be strategic for Engineering. The internal IT & Management Academy delivered over 22,200 days of training, including new Acceleration Programs aimed at young talents and future managers.